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because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doe
because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it....
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Dec 1, 2012
12/12
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cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so concerned. they should just call the republicans bluff. >> the democrats like to say that they got a mandate out of the last election. but do you think that's true? certainly, it's stronger in the senate for them, but republicans still control the house. >> on this question of letting tax rates for those at the top -- the lower tax rates expire for those at the top, there is a mandate. polling has been consistent for years, and we saw in the exit poll. 60% of voters overall, and more importantly, 80% of obama voters is more unified democratic coalition support letting the tax rates expire. tha
cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so...
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i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff, because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the american government has never defaulted on its debt. and now there are some, not the majority of republicans but some on the extreme of the republican party and they seem to be in control, who seem to want to default on our debt. that's crazy. if they cannot be entrusted with the full faith and credit of the united states, they should not have that leverage. >> paul, where were the overtures though? where were the overtures with this deal that was presented? i mean, listen, you don't have to be mensa to know de
i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. i think it would be irresponsible. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff, because then taxes go up across the board. and then it's got to be done retroactively. >> which is not what the president wants but there's a big difference...
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Dec 5, 2012
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Nov 30, 2012
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica...
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we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >> how much spending cuts do we want to see? i could tally up for you right now, $3 trillion with the spending cuts that we already enacted in law in the last year and a half. $1 trillion that came from the budget control act that was passed a year ago, that said a trillion dollars has to start coming up now, and that has begun. another trillion dollars which is going to be enacted through the sequester. we still have them. and we can move forward. that's another trillion, 1.2 trillion. let me give you the other 800 billion. we cut -- democrats without a republican vote, $716 billion in -- and we found $716 billion in savings through m
we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >>...
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. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for d
. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty...
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this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and liberty, if you can't stand for those, and fight for them, they have no business being one of the two major political parties. >> monica is right, the republicans have allowed obama to ccntrol the debate, we have the morale high ground and our plan, obama in 2011 talking about tax reform said we can -- we don't have to raise tax rates, we can lower tax rates by capping deducts. he said that. lou: where is coordinated action and rhetoric from the party? i'm talking about from mayors to governors. >> we have been great wi
this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and...
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Nov 29, 2012
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this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you fe
this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as...
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Dec 5, 2012
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fis
they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of...
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Dec 6, 2012
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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the jersey shore about to meet the fiscal cliff. grim news for governor christie as he visits washington. >>> plus the controversial place to store your text messages. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouff
the jersey shore about to meet the fiscal cliff. grim news for governor christie as he visits washington. >>> plus the controversial place to store your text messages. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. bp has paid overthe people of bp twenty-threeitment to the...
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congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a point of then fiscal negotiation. only happened once. >> we have never been in treacherous, perilous fiscal circumstances as today. >> bret: top senate republican calling it quits was here on the set with us. the all-stars weigh in on that. surprising development next. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. [ female announcer ] some people like to pretend a flood coul
congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a...
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i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they reach a compromise. i think the republicans are likely to cave on the rate and you close a few deductions. >> do you think they will. >> i do. >> because they are saying they are not going to cave. >> there is going to be no deal on that. they are to the going to go into january, as mark said, and say to the country, hey, we're going to raise your taxes but we have to serve the rich people. they're just not going to do that with the polls, so they're going to cave. they will not get up to 39% but they could get to 37. so say you get to 1.2 trillion in revenue. you still need spending cuts so the presi
i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree
>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney...
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Dec 4, 2012
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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Dec 7, 2012
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obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted
obama is taking his fiscal cliff plan to the people. will republicans buckle under public pressure? msnbc's political analyst michael eric dyson and democratic strategist donna gentile-o'donnell will weigh in on that tonight. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern...
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Dec 2, 2012
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keep in mind again, you know, people call it a fiscal cliff. when you go off a cliff you usually die. my view is there are challenges in front of us. we've had them before. this is pretty significant. but we have a plan in place. no one really likes it, but at the end of the day come january, these things start to happen. the deficit gets a reduction because the tax cuts go away, the budget cuts go into play. the question is are we going to have the wherewithal to give some long-term certainty to the market so they don't have this up and down action of congress. after four years in congress i have to tell you it's one of the most disturbing thing i've seen, the lack of foresite of looking two, three, four, five years down the road. everyone plays to the next week. give it about a 40% chance of some element. the big question is have the markets worked into some of their pricing on stocks and bonds and so forth, some of this anticipation of going over these fiscal challenges? i think they probably have to to a certain degree. but it will be a rou
keep in mind again, you know, people call it a fiscal cliff. when you go off a cliff you usually die. my view is there are challenges in front of us. we've had them before. this is pretty significant. but we have a plan in place. no one really likes it, but at the end of the day come january, these things start to happen. the deficit gets a reduction because the tax cuts go away, the budget cuts go into play. the question is are we going to have the wherewithal to give some long-term certainty...
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Dec 5, 2012
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short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conse
short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the...
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Nov 30, 2012
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he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting position from the white house. what secretary geithner laid out when he was visiting capitol hill yesterday was the headline $1.6 trillion in new taxes as part of their overall vision to increase those taxes for people making $250,000 more, but that also includes some changes to how much people can deduct, closing loopholes. increasing taxes for dividends and capital gains and some other things. then some other aspects of the wish list from the president. $50 billion in new stimulus spending next year, and then in return they would find $400 billion in cut
he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting...
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Dec 4, 2012
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't
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Nov 29, 2012
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the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's going on. the latest article in "politico" today said the deal -- the so-called deal has been negotiated by the speaker of the house and the president, not even harry reid is in the meetings, apparently. certainly not the members of the united states national or the members of the house of representatives -- united states senate or the members of the house of representatives. and if we had a public debate, people would discover that according to the c.b.o. mandatory spending is going to increase -- increase nearly 90% over the next te
the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's...
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Dec 6, 2012
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right now we're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend. we'll be back next week, and i ask for the american public to weigh in, to think about the fact that this hidden process is hurting our ability to address the biggest issues in america. i ask my colleagues to wrestle with that. and, mr. president, it is my hope that folks will hold those conversations with the public back home. i have done so in every county of my state, through my town halls. i hold one in every county every year. i have raised this issue of whether or not when folks vote for debate they should be required to debate, they should be required to make their case, not to kil
right now we're talking about the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend....
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>> eric: if we go over the fiscal cliff, people getting hurt the most, paid the most are the wealthy. >> kimberly: look, we talk about the jobs -- look, you want class warfare. >> greg: why is it good to punish people -- >> bob: break after break after break for republicans from 1986 on. time to pony up. >> greg: why? they pay most of the taxes. >> bob: so what? you don't care they contribute. you want them punished. >> greg: you're obama's soul. >> bob: they don't pay percentage of taxes on the money they earn versus what -- >> greg: 40%. reduce the government for eight days. that is preposterous. >> eric: is earning money a bad thing? >> dana: not if you ask for campaign contributions. practical point, gite on the sunday show said all the democrats support this. that is not true. the key democrats, landrieu, begich and north carolina -- i can't remember her name -- they are on all on record saying i don't think i'm for this. he has even a harder time convincing those on the democratic side to go with his plan. >> greg: one day explain why are you punishing the rich when you know it
>> eric: if we go over the fiscal cliff, people getting hurt the most, paid the most are the wealthy. >> kimberly: look, we talk about the jobs -- look, you want class warfare. >> greg: why is it good to punish people -- >> bob: break after break after break for republicans from 1986 on. time to pony up. >> greg: why? they pay most of the taxes. >> bob: so what? you don't care they contribute. you want them punished. >> greg: you're obama's soul....
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Dec 7, 2012
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything done. >> reporter: potential effects of the fiscal cliff in rock island, illinois aren't necessarily any better or worse than in other cities around the country. the bottom line is if congress fails to act, repercussions will be felt across the country. wolf? >> ted rowlands in rock island, illinois. >>> imagine being able to use your ipad, cell phone in the air whenever you want. up next, we have details on a new government effort under way now to keep you plugged in all the time, including on takeoff and landing, while flying. stand by. ♪
and the fiscal cliff. james cheeks says he is counting on congress to prevent his taxes from going up. >> scary. you know, it's scary. where is that money going to come from, you know, how am i going to pay that extra tax hike. >> reporter: one booth over, ted and gus say they don't think congress can avoid the cliff. >> i hope so, but i don't see it yet. >> if we're going to have standoffs, have that do nothing congress, it is going to be awfully toug to get anything...
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Nov 30, 2012
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going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to
going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how...
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Dec 5, 2012
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and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of
and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan...
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they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go over that fiscal cliff, you got to compromise. there's nothing wrong with compromise. to some liberals on the far left, conservatives on the far right, compromise is a dirty word. you should never compromise with the other side. they hate that. they rather go over the fiscal cliff but the overwhelming majority of americans totally disagree with those hard line positions on the extreme left and the extreme right. they want to compromise and they want a deal and they want the president and john boehner, the republican leadership and democrati
they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...